Mortgage equity increasing

Homeowners' equity rose by another £6.2bn in the Q2 of 2010, reveal the Bank of England.

Related topics:  Mortgages
Millie Dyson
1st October 2010
Mortgages
This is slightly more negative than the Q1 2010 figure of £5.3bn (revised down from the previous published figure of -£3.2bn). Individuals have injected £44.2bn into housing equity since Q2 2008 (when the HEW measure turned negative).

HEW as a percentage of post-tax income was also slightly more negative than the previous quarter, at -2.5% compared to -2.1% in Q1 2010 (down from the previously published -1.3%).
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